Claude Mandil
Claude Mandil
Claude Mandilis a French businessman. Mandil is a member of the Board of Directors of Total S.A. and is the former Executive Director of the International Energy Agency...
dirty insecure oil
[The report 'World Energy Outlook 2006'] reveals that the energy future we are facing today, based on projections of current trends, is dirty, insecure and expensive.
side
On the refining side we need regulations to be predictable.
prices today
Prices today are much too high, even at $50.
lots lower reasons sure
(Prices) should be lower for lots of reasons this year. ...I'm not sure that will happen.
embargo iranian oil risk
The risk of an embargo on Iranian oil ... is not a constraint.
difficult understand
It would be difficult to understand if there was a cut.
anyway four market needed review
The review was needed anyway as there are four refineries still shut. But on the other hand, the market has reacted well to Katrina, with flexibility.
large prioritize products proportion suggested
A large proportion of the remainder will be (refined) products ... we have suggested they prioritize products,
basis caused convinced decided difficult economy hurricane hurt lack last offset prices reserve response shortage since situation spare
What we decided was in response to a shortage caused by Hurricane Katrina, in a situation where there was lack of spare capacity, which is much more difficult to offset without the reserve release. The prices are a signal, but not the basis for us to decide. We are convinced that they have hurt the economy since last year.
created disruption doubt either iran release stock supply
If there was supply disruption either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries.
created doubt either iran release stock supply
If there was supply disruption, either created by Nigeria, Iran or both, that would lead, no doubt about that, to a stock release from the IEA countries.
carbon coal continue costs demand developing emission grows increase likely mainly plans pollution power remain
This is likely to continue as demand for power grows mainly in the developing economies. But coal must remain competitively priced, especially as pollution abatement costs increase as carbon emission plans increase,
impact katrina rita
The impact of hurricanes Katrina and Rita has been successfully addressed.
capacity market next remain three tight
The market will remain tight in the next three years. Upstream and downstream capacity is not enough.